Who’s looking for a profitable property?
Realtors! Bring your buyers. We’re paying 3% for this one.
Deals like this don’t come to you every week. Seize these opportunities when COVID-19 offers them to you.
How can you profit?
1) Single family rental property
2) Student rental
3) Fix & Flip
– LOCATION: Peterborough (Just north of downtown. George St & Parkhill Rd.)
– PURCHASE PRICE: $169,900 or best offer
– AFTER REPAIR VALUE: What can you find in Peterborough for under $300,000? Not much! This should be worth close to $300k after nice renos.
– CLOSING: May 21 (Soon! This is an Assignment Sale.)
– TYPE: Detached 2-storey
– BEDS/BATHS: 3.5 Bed/2 Bath
– BASEMENT: Crawl Space
– SQFT: 1190 sqft
– LOT: 23′ x 74′
– AGE: 1910
– PROPERTY TAX: $2400 approx
RENOVATIONS NEEDED: Plenty! Please take a look at the pictures and videos.
– Needs a substantial interior reno.
– Electrical panel
– Bed bugs
– Junk removal
– Exterior maintenance and repairs.
– We’ll do a home inspection on it since its an old house.
– How about the low price?
– Vacancy rates in Peterborough are extremely low. This will be a great income property.
– Short walk to downtown Peterborough.
– Yes its 3.5 bedrooms. One “bedroom” is probably best used as a closet, but I wouldn’t be surprised if it was used as bedroom by a student. It’s way better than Harry Potter’s bedroom under the stairs!
Please let us know if you want to view it or if you want us to get you details. (Comparable solds, MPAC info, and more…)
Aaron Moore & Tomomi Wang
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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